SOURCE: Union Dental Holdings, Inc.

Union Dental Holdings, Inc.

June 26, 2014 08:30 ET

George Green CEO of Union Dental Purchases Shares of UDHI From Dutchess in Phase 2 of Agreement

CORAL SPRINGS, FL--(Marketwired - June 26, 2014) - Union Dental Holdings, Inc. (PINKSHEETS: UDHI) -- -- a Company that operates and manages a network of dentists throughout the United States for union members announced that Dr. George D. Green has purchased 12,000,000 shares of stock from Dutchess Private Equities Ltd according to Phase 2 of the Agreement. The first two phases of acquiring shares from Dutchess have no dilutive effect on the company because they were issued in 2013 so they have already been accounted for in the financial statements for that year. The total number of outstanding shares of stock issued by the Company will remain unchanged after this acquisition. There will also be no negative financial effect on the Company related to this acquisition in 2014 as the Financial Statement in 2013 accounted for the acquisition by Dutchess when the shares were issued to them.

Dr George Green, President and CEO stated: "I am extremely pleased that Phase 2 has been completed and I am looking forward to the next two phases and completion of this transaction. I am sure all shareholders will agree this is a major step forward for the Company and we are pleased to have this aspect of our Agreement with Dutchess completed."

About Union Dental Holdings, Inc. 

Union Dental Holdings manages a 22 operatory full service dental practice in Coral Springs, Florida. It is the exclusive supplier of Drinkable Air's patented ozone atmospheric water generators for the US dental industry and is a leading innovator for bringing bacteria free water into the dental operatory settings. Union Dental operates two wholly owned subsidiaries, Direct Dental Services and Union Dental Corp. Direct Dental Services provides dentists with "areas of exclusivity" to participate with various unions including the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW), United Association of Plumbers and Pipe Fitters (UA) and The Association of Flight Attendants -- Communications Workers of America (AFA-CWA). Direct Dental Services receives annual management fees from the dentists in exchange for practicing in these "areas of exclusivity" where CWA and IBEW members use the dentists' services.


"Safe-Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

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